Clarity sought on ETF sec-lending in Malaysia
CIMB-Principal and HSBC want to learn if ETF managers/custodians can share fee revenue from sec-lending. Confirmation from the regulator could unleash a wave of securities for lending.
Two firms are seeking clarification from Malaysia’s securities regulator over fee-sharing arrangements for lending out stocks underlying exchange-traded funds.
It is hoped that the Securities Commission will provide confirmation on the issue, enabling the practice finally to take root in the country and potentially unleash a supply of securities for lending.
CIMB-Principal Asset Management and HSBC are the two firms involved, and are understood to be approaching the regulator to…
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